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Rich Indians are willing to donate more

Rich Indians are willing to donate more

  • March 21, 2015
  • min read

Mint

Rich Indians are willing to donate more

According to Bain & Company, despite the fact that philanthropy in India has gained prominence over the last five years, a large number of donors also lack trust in non-governmental organizations (NGOs). "On an average there is a general level of misgiving and lack of confidence among donors on how non-profits track funds and grants. The expectation of sophisticated donors from NGOs is very high. And though NGOs have scaled their administrative capabilities, they still belong to the minority," said Arpan Sheth, a partner with Bain & Company India and co-author of Bain's India Philanthropy Report 2015.